Morning update Tue, 21st Oct:

Morning update Tue, 21st Oct:
The uptrend resumed in last session is supposed to continue slowly and nifty may open above 3.2K mark. Sustaining above 3230 / 3260 could enable it to cross 3.3k mark. However the day indicates some volatile up & downs and since it’s a small bounce in a major down trend, traders should exit their long positions on such bounces and try to gain in intra-day moves only. High risk traders may initiate short /put as the major downtrend may resume hereafter.